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Finance Minister Chairs India-UK Investor Roundtable In London
Finance Minister Nirmala Sitharaman has chaired an India-UK Investor Roundtable in London, attracting around 60 UK investors representing various pension funds, insurance companies, banks and other financial institutions.
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Man Dies By Suicide After "Harassment" By Microfinance Companies In Karnataka
A 42-year-old man died by suicide in this district following 'harassment' by microfinance companies, police said on Monday.
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CBI Charges Karti Chidambaram In Fresh Corruption Case
The CBI has registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale.
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Robbers Pose As Cops In Kota, Loot Rs 36 Lakh From Finance Company Employee
Robbers posing as cops managed to deceive the finance company employee in Kota and stole Rs 36 lakh from him and ran away after taking the employee hostage and left him a few km away.
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In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at home.
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"No Sleep For 45 Days": Loan Company Staff Dies By Suicide, Blames Work Pressure
A 42-year-old man, who was working as an area manager with Bajaj Finance, has died by suicide in Uttar Pradesh's Jhansi.
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After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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Art Director Nitin Desai's Death: Boss Of Loan Firm Edelweiss Group Meets Police
Three representatives of ECL Finance Company/Edelweiss Group today presented loan-related documents to the Raigad police in Maharashtra in connection with the alleged suicide of renowned film art director Nitin Desai, an official said.
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Indian Firms Can Now List On Gujarat Finance Hub To Draw Foreign Funds
The centre has allowed its firms to list on exchanges registered in a new financial hub in Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and cheaper foreign capital.
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India’s New Online Gaming Tax Will Stifle Foreign Investment, Put $2.5 Billion Investment at Risk: Gaming Firms
India's new 28 percent tax on online gaming companies will stifle foreign investment and put $2.5 billion (roughly Rs. 20,500 crore) already invested in the sector at risk, more than 100 gaming firms have said in a letter to India's finance ministry.
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HDFC Leaps To 4th In World's Most Valuable Banks List After Mega Merger
In what is being called the biggest transaction in the history of India Inc, HDFC Bank will take over its parent, housing finance major HDFC, on Saturday. Following the reverse merger, the country's first home finance company, would cease to exist.
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Probe Agency Raids Manappuram Finance Premises In Kerala On Money Laundering Charges
The Enforcement Directorate today conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.
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Accenture, Bain: Top Consulting Firms At IIM Calcutta For Final Placements
Consulting firms were the top recruiters in the Indian Institute of Management, Calcutta final placement for the 58th batch of the two-year MBA programme followed by finance, sales and marketing companies, a statement issued by the institute said.
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Finance Minister Chairs India-UK Investor Roundtable In London
Finance Minister Nirmala Sitharaman has chaired an India-UK Investor Roundtable in London, attracting around 60 UK investors representing various pension funds, insurance companies, banks and other financial institutions.
-
Man Dies By Suicide After "Harassment" By Microfinance Companies In Karnataka
A 42-year-old man died by suicide in this district following 'harassment' by microfinance companies, police said on Monday.
-
CBI Charges Karti Chidambaram In Fresh Corruption Case
The CBI has registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale.
-
Robbers Pose As Cops In Kota, Loot Rs 36 Lakh From Finance Company Employee
Robbers posing as cops managed to deceive the finance company employee in Kota and stole Rs 36 lakh from him and ran away after taking the employee hostage and left him a few km away.
-
In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at home.
-
"No Sleep For 45 Days": Loan Company Staff Dies By Suicide, Blames Work Pressure
A 42-year-old man, who was working as an area manager with Bajaj Finance, has died by suicide in Uttar Pradesh's Jhansi.
-
After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
-
RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
Art Director Nitin Desai's Death: Boss Of Loan Firm Edelweiss Group Meets Police
Three representatives of ECL Finance Company/Edelweiss Group today presented loan-related documents to the Raigad police in Maharashtra in connection with the alleged suicide of renowned film art director Nitin Desai, an official said.
-
Indian Firms Can Now List On Gujarat Finance Hub To Draw Foreign Funds
The centre has allowed its firms to list on exchanges registered in a new financial hub in Gujarat, Finance Minister Nirmala Sitharaman said on Friday, to give companies access to easier and cheaper foreign capital.
-
India’s New Online Gaming Tax Will Stifle Foreign Investment, Put $2.5 Billion Investment at Risk: Gaming Firms
India's new 28 percent tax on online gaming companies will stifle foreign investment and put $2.5 billion (roughly Rs. 20,500 crore) already invested in the sector at risk, more than 100 gaming firms have said in a letter to India's finance ministry.
-
HDFC Leaps To 4th In World's Most Valuable Banks List After Mega Merger
In what is being called the biggest transaction in the history of India Inc, HDFC Bank will take over its parent, housing finance major HDFC, on Saturday. Following the reverse merger, the country's first home finance company, would cease to exist.
-
Probe Agency Raids Manappuram Finance Premises In Kerala On Money Laundering Charges
The Enforcement Directorate today conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.
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Accenture, Bain: Top Consulting Firms At IIM Calcutta For Final Placements
Consulting firms were the top recruiters in the Indian Institute of Management, Calcutta final placement for the 58th batch of the two-year MBA programme followed by finance, sales and marketing companies, a statement issued by the institute said.
